Godrej Industries reported an 83 per cent dip in its net profit of Rs 18.08 crore for the year ended March 31, 2009, as against Rs 108.81 crore in FY08, mainly due to slump in chemical business.
For the entire year, sales from operations rose 11 per cent to Rs 816.24 crore. Total income stood at Rs 880.97 crore. The board of directors has recommended a final dividend of Rs 1.25 per share.
The chemicals business, before interest and tax, posted a loss of Rs 18.32 crore in 2008-09 as compared to a profit of Rs 82.24 crore in 2007-08.
Similarly, finance and investment reported profit before interest and tax of Rs 109 crore in 2008-09 as against Rs 290 crore in the year ago.
The company's shares closed at Rs 129.15, up 2.38 per cent on the Bombay Stock Exchange.
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